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AI Analysis of NOAH
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On Thursday, Noah Holdings Ltd stock price gained an impressive 7.83%
(Updated on May 02, 2024)

Buy or Hold candidate since Apr 18, 2024 Gain 9.08% PDF

The Noah Holdings Ltd stock price gained 7.83% on the last trading day (Thursday, 2nd May 2024), rising from $12.14 to $13.09. During the last trading day the stock fluctuated 6.94% from a day low at $12.47 to a day high of $13.34. The price has risen in 6 of the last 10 days and is up by 9.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately $2.51 million.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $13.58 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.89% during the next 3 months and, with a 90% probability hold a price between $11.52 and $14.79 at the end of this 3-month period.

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NOAH Signals & Forecast

The Noah Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.43 and $11.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.65%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Noah Holdings Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $11.86 and $11.43. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Noah Holdings Ltd finds support just below today's level at $11.86. If this is broken, then the next support from accumulated volume will be at $11.43 and $10.15.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.87 between high and low, or 6.94%. For the last week, the stock has had daily average volatility of 5.16%.

Our recommended stop-loss: $12.57 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (NOAH) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Noah Holdings Ltd to open at $12.97, and during the day (based on 14 day Average True Range), to move between $12.54 and $13.64, which gives a possible trading interval of +/-$0.546 (+/-4.17%) up or down from last closing price. If Noah Holdings Ltd takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.25 (1.22%) than the support at $11.86 (9.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Noah Holdings Ltd stock A Buy?

Noah Holdings Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.855 Strong Buy Candidate Upgraded

Predicted Opening Price for Noah Holdings Ltd of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$12.97 ( 0.93%) $13.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NOAH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.83 5.68 %
R2 13.50 3.15 %
R1 13.30 1.59 %
Current price: 13.09
Support S1 12.64 -3.46 %
S2 12.43 -5.02 %
S3 12.10 -7.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.31 1.68 %
R2 13.27 1.38 %
R1 13.25 1.22 %
Current price 13.09
Support S1 11.86 -9.40%
S2 11.43 -12.68%
S3 10.15 -22.46%

NOAH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 12, 2023 Jun 26, 2023 Jul 21, 2023 $0.400 2.70%
2 Feb 26, 2013 Mar 18, 2013 Apr 09, 2013 $0.140 1.94%
3 Mar 07, 2012 Mar 28, 2012 Apr 16, 2012 $0.140 1.85%

FAQ

What is the symbol for Noah Holdings Ltd Stock and on which exchange is it traded?
The symbol for Noah Holdings Ltd is NOAH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Noah Holdings Ltd Stock?
Noah Holdings Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy Noah Holdings Ltd Stock?
Noah Holdings Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Noah Holdings Ltd Stock.

What's the current price of Noah Holdings Ltd Stock?
As of the end of day on the May 02, 2024, the price of an Noah Holdings Ltd (NOAH) share was $13.09.

What is the 52-week high and low for Noah Holdings Ltd Stock?
The 52-week high for Noah Holdings Ltd Stock is $17.39 and the 52-week low is $9.92.

What is the market capitalization of Noah Holdings Ltd Stock?
As of the May 02, 2024, the market capitalization of Noah Holdings Ltd is 864.144M.

When is the next earnings date for Noah Holdings Ltd?
The upcoming earnings date for Noah Holdings Ltd is Jun 04, 2024.
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